Latest real estate news and analysis tagged with Sun Belt on realestatenews.news.
Roughly 47,000 U.S. home-sale contracts fell apart in April, but the cancellation rate edged down slightly as sellers grew more flexible and buyers adjusted to elevated mortgage costs.
The share of home sellers reducing their asking prices has pulled back from a record high, signaling a modest shift in negotiating power — though buyers still hold the upper hand in many markets.
Redfin data shows the seller-to-buyer imbalance shrank for the fourth consecutive month in April, as improved job-market sentiment pulled more shoppers back into the housing market.
After months of growing buyer leverage, the gap between home sellers and buyers finally began to narrow in April 2026, signaling a potential turning point in the U.S. housing market.
